Posts in Entrepreneurship

Is An ICO Right For You?

Initial cryptocurrency offerings are the rage.  Don’t get caught up in the hype.  Listing a coin and raising money doesn’t do anything by itself.  Everyone can pat themselves on the back but without any meaning or use case behind the …

Megalytics is Hiring!

West Loop Ventures portfolio company Megalytics is hiring.  They have a great team, and it’s a great place to work.  Donna is on the bleeding edge of something big in commercial real estate. If you are a person that wants …

The Superhuman

I had to share this video. Mike Byster is a friend of mine from the trading floor. Originally, he worked on the floor clerking for his cousin Norm Byster (NBB). Norm used to trade em up and Mike counted his cards …

I Thought This Was Cool

Last Thursday before the Tech Week party I went to the iVenture Accelerator gathering at TechNexus.  If you don’t know about iVenture, it’s a startup venture lab run by Ryan Singh and Noah Wasserman at the University of Illinois in …

The Human Crisis in Finance

When the electronic age was ushered into financial markets, no one really knew what the knock on effects would be.  The Big Bang happened in London in 1987.  Ten years later, CME introduced the e-mini S&P.  It was ridiculed at …

It’s A Beautiful City

Chicago is one of the most beautiful cities in the world.  I was at a thing all day yesterday and they had a cruise booked for the evening.  Fortunately, we had a beautiful low humidity perfect weather night.  Here are …

The Last Mile in Rural Tech

Over the course of the last ten years, I have spent a lot of time in rural Midwestern and Southern America.  When we drive through small towns, we always wonder what the heck people do there to exist.  Many of …

You Need A Vision

Famous Chicago Architect David Burnham once said, “Make no little plans. They have no magic to stir men’s blood and probably themselves will not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical …

Sunk Costs and Investing

One of the hardest decisions to make when you are investing is whether to do the next round or not.  The first seed round is relatively easy compared to the next rounds.  The seed round is based on some data, …

When You Have No Plan

My wife and I were chatting the other night about the beginning of our marriage.  When you hit the 30 mark, you reflect a little.  One of the things that we didn’t have was an exact plan.  We had notions, …

What Makes You Happy? Experiences.

As an alum of Chicago Booth, I look forward to reading their magazine.  It has an article or five I always find interesting.  I tore one below out and wanted to blog about it. The study is “Cultivating Gratitude and …

The “What If” Game

One of the things that can trip up execution is speculation about the future.  If you are an entrepreneur, sometimes it’s a very good idea to quell any speculation about the future.  The way you do it is just by …

One Big Difference Between Being an Angel and Fund

One of the biggest differences between being an angel and being a fund is the risk.  The risk is magnified as an angel.  It’s not that being a VC fund manager isn’t risky.  It can be depending on how the …

The Repeal of Dodd-Frank

Yesterday, the House voted to roll back Dodd-Frank.  This is a very good thing.  Dodd-Frank was a reactionary law.  It was a reaction to the financial crisis of 2008.  If you are a person that wants to get lobbying out …

What Are You Built For?

For the past several days, I have been doing Reboot’s “Shadow”. I don’t know a soul at Reboot but have listened to their podcast since they started. Personally, I have always been interested in psychology since I was in high …

Some Ideas Are Cheap

There is one thing that you teach yourself never to do in the VC business. Never ever think that an idea will never ever work. Many many VC’s say “Strong opinions loosely held” is their mantra. However, VC’s are human. …